Opec’s leader defends massive oil production cuts, compares them to actions of central banks, as oil prices surge to a new 10-month high. Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, defended the Opec+ cuts, as Brent crude oil prices approached $95 per barrel. Oil prices have risen by over 30% since late June and …
In June, Nationwide reported that London house prices had experienced a 4.3% year-on-year decline, while the Outer Metropolitan region saw a 2.9% fall. According to Jamie Lennox, director of brokerage Dimora Mortgages, the ONS data may not accurately reflect the current state of the housing market. He suggests that there could be even worse news …
The British microchip company Arm has priced its New York IPO at $51 a share, giving it a valuation of more than $52bn (£42bn) ahead of its Wall Street debut on Thursday. The pricing, confirmed by Arm on Wednesday evening, is at the top of the $47 to $51 range Arm had said last week, …
Walgreens, the US pharmacy giant, has reached a settlement of $44m (£35m) to address legal claims from consumers affected by the Theranos scandal. Theranos, an American blood testing company, offered finger-prick tests to Walgreens customers in stores in Arizona and California, claiming that these tests could identify hundreds of illnesses. However, Theranos’s “Edison” blood testing …
Meta, the company founded by Mark Zuckerberg, has taken action against a Chinese disinformation campaign by removing nearly 8,000 Facebook accounts. This move came as Meta uncovered what is considered to be the largest cross-platform covert influence operation globally. In addition to the Facebook accounts, 954 pages were deleted, and 15 Instagram accounts were removed …
Artists have expressed concerns about receiving fair compensation for their work and about the unauthorized use of their likeness in response to stunts like this. A few months ago, Universal issued an angry statement after an AI-generated song resembling Drake and The Weeknd gained millions of views on streaming services. The song, which lasted only …
Have you been treated unfairly by a company? Our Consumer Champion is here to assist you. Click here to find out how to contact her. Dear Katie, In early 2022, I experienced a serious health scare and decided that I needed something positive to look forward to while waiting for my operation. Given my love …
The original attempt by Microsoft to acquire Activision was blocked by the CMA in April due to concerns about monopolizing the cloud gaming market. Activision claimed that this decision portrayed Britain as “closed for business.” Despite this, Microsoft appealed the ruling and the new proposal involving Ubisoft is now under investigation by regulators. Under this …
AstraZeneca, the renowned Covid vaccine manufacturer, has filed a lawsuit against the US government in response to legislation aimed at reducing prescription drug prices. The legal challenge targets President Joe Biden’s Inflation Reduction Act (IRA), which grants the US government the authority to negotiate prices on behalf of Medicare beneficiaries. The implementation of these new …
Embark on an unforgettable journey through Brooklyn on day two. Begin by leisurely crossing the iconic Brooklyn Bridge, a magnificent architectural feat. While the 271-ft-tall neo-gothic arches are undoubtedly the bridge’s trademark, don’t miss the opportunity to stroll along the elevated pedestrian walkway, a must for every visitor. Once you step off the bridge, …